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CP Working To Improve Grain-Shipping Service

Canadian Pacific Railway says avalanches and more orders to move grain than were forecasted are why its service is slow. “We are working to understand capacity needs and we are focused on implementing service reliability initiatives,” CP spokesperson Breanne Feigel said last week in response to complaints from the Western Grain Elevator Association (WGEA). “We
Crops

Poor CP Service Blasted By WGEA

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CP Rail’s grain-shipping service has never been worse in living memory, according to the Western Grain Elevator Association (WGEA), prompting it to renew calls for federal legislation to improve it. “We expected the upcoming release of the Rail Service Report to result in improved service by the railways in an attempt to counter the serious
Cereals, Opinion

The Business Case For Farmers Owning Lake Freighters

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The Canadian Wheat Board has decided to purchase two lake vessels, based on a very strong business case that will result in significant economic benefits for Prairie farmers. This investment will generate revenue for decades to come, and pay for itself many times over – just as CWB ownership of rail hopper cars has done.
News

Canadian Dollar To Gain Strength: Analyst

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After surging above parity late in 2010, the Canadian dollar has been trading in a fairly narrow range during the first 40 days of this year. However, Scotia McLeod’s senior economist says the loonie still has a bullish future. Andrew Pyle is forecasting the dollar will hit US$1.05 by the middle of the year. “We
Opinion

Last Train Out Of Town?

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With the fate of a significant portion of the rail line along Highway 2 in southern Manitoba about to be settled, I thought it a good time to question the relevance of what has been a part of our communities and our way of life for over 100 years. The value of this asset is
Cereals, News

Revenue Cap Accounting Questioned

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CN and CP won’t face penalties for exceeding their revenue caps in the crop year that ended July 31, even though farmers paid about $6 per tonne above those caps to ship their grain. The railways collectively were $5.4 million or 17 cents a tonne under the Canadian Transportation Agency’s (CTA) revenue cap of almost
News

Canadian Dollar Heading Back To Parity

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The Canadian dollar is back within a cent of parity with its U.S. counterpart after seeing some choppy activity in recent weeks. The currency is expected to hold near parity, and likely move above the level, through 2011, according to an analyst. In the third quarter of 2010 the Canadian dollar was under-performing other international
News

Canadian Dollar Gaining Strength

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The Canadian dollar has been gaining strength over the past month, and a number of analysts believe it will continue its bullish pattern for the final quarter of 2010. After reaching a six-week low on August 31, the Canadian currency has risen by 5.5 per cent. Andrew Pyle, wealth adviser with Scotia McLeod in Peterborough,
Cereals, Opinion

Letters – for Sep. 9, 2010

It is the time for Premier Greg Selinger to show his leadership concerning the ever-expanding flood waters of the Shoal Lakes and Vestfold Ducks Unlimited Project. As of September 1 there are over 90,000 acres of farmland under the lake. Large sections of Provincial Roads 415 and 518 are under water resulting in them being

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